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Makes high-performance sports cars and luxury SUVs (911, Cayenne, Macan, Taycan); majority owned by Volkswagen Group and Porsche SE.
Makes high-performance sports cars and luxury SUVs (911, Cayenne, Macan, Taycan); majority owned by Volkswagen Group and Porsche SE.
Sells relatively few cars at high prices, with Cayenne and Macan carrying the volume while the 911 carries the image, and earns extra from the personalisation options buyers add to each car. It sells through dealers and finances customers through Porsche Financial Services.
In one line: A higher-volume German Ferrari.
Moat: wide (brand, IP / patents, installed base). The Porsche brand and 911 heritage command premium pricing and strong resale value few automakers can match.
Headquarters: Stuttgart, Germany · Founded: 1931 · Employees: 41,780
Size Porsche (P911.DE) is a Germany Consumer Discretionary company (Motor Vehicles) with a market value of $47.8B, the 17th largest of 205 Germany companies the cockpit tracks. Shares closed at €47.06 on 6 Nov 2026.
Performance Over six months the shares gained 0.1%, against +0.8% for the median peer and +2.6% for the Germany market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 9.6% over the last twelve months (peer median +6.8%); the operating margin is 5.7% (peer median 6.5%).
Valuation It trades at 22.9× forward earnings against a peer median of 9.7× (8th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +12 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.0 points below its cost of capital (8.2% WACC).
Credit Porsche has 5 bonds outstanding ($4.01B) and trading like BBB- at a weighted spread of 113 bp.
Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €34.7B | €36.3B | €40.1B | €40.5B | €37.6B |
| Revenue growth | — | -10% | -1% | +8% | — |
| Gross profit | €6.66B | €6.35B | €10.3B | €11.6B | €10.5B |
| EBITDA | €6.77B | €7.04B | €9.45B | €10.6B | €9.78B |
| Net income | €2.19B | €431M | €3.59B | €5.16B | €4.96B |
| Free cash flow | €845M | €478M | €2.60B | €2.93B | €3.45B |
| Capital expenditure | €2.85B | €3.14B | €3.76B | €4.10B | €3.66B |
| Total debt | €11.6B | €11.4B | €11.3B | €10.4B | €9.48B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Porsche P911.DE | $47.8B | 0% | -10% | 6% | 22.9× | 17.3% |
| Ferrari RACE.MI | $92.2B | +30% | +6% | 30% | 37.7× | 22.8% |
| Mercedes-Benz MBG.DE | $44.9B | -19% | -7% | 5% | 7.9× | 4.5% |
| Bayerische Motoren Werke BMW.DE | $40.3B | -22% | -6% | 6% | 9.7× | n/a |
| Aston Martin Lagonda Global AML.L | $474M | -26% | 0% | -12% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | P911.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.9% | +7.5% | 2nd highest of 21 |
| 6-month return | +0.1% | +0.8% | 11th highest of 21 |
| Distance from 52-week high | -7.1% | -18.8% | 5th highest of 21 |
| Revenue growth (TTM) | -9.6% | +6.8% | 2nd lowest of 21 |
| Operating margin | 5.7% | 6.5% | 9th lowest of 21 |
| Forward P/E | 22.9× | 9.7× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 17.3% | 20.5% | 7th least demanding of 15 |
| Growth delivered (Del g) | +4.8% | +14.3% | 2nd lowest of 15 |
| Hurdle (Req g minus delivered) | +12.5 pp | +6.9 pp | 5th most demanding of 15 |
| ROIC minus cost of capital | -3.0 pp | -0.9 pp | 5th lowest of 21 |
| EV / EBITDA | 6.8× | 12.8× | 3rd cheapest of 17 |
| Net debt / EBITDA | 0.5× | 3.6× | 6th least indebted of 17 |
| Bond spread | 113 bp | 100 bp | 4th widest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Porsche P911.DE | Germany | $47.8B | 0% | -10% | 6% | 22.9× | 17.3% | +4.8% |
| HyundaiMtr 005380.KS | South Korea | $47.5B | -47% | +1% | 5% | 7.3× | n/a | n/a |
| Ford Motor F | United States | $48.8B | +2% | -1% | 2% | 7.0× | 25.6% | +8.1% |
| Honda Motor 7267.T | Japan | $45.2B | +45% | +4% | -1% | 11.7× | 18.2% | +10.6% |
| Mercedes-Benz MBG.DE | Germany | $44.9B | -19% | -7% | 5% | 7.9× | 4.5% | +1.7% |
| Mahindra & Mahindra M&M.NS | India | $43.1B | -2% | +26% | 15% | 24.0× | 13.6% | +21.5% |
| Maruti Suzuki India MARUTI.NS | India | $42.3B | -7% | +30% | 7% | 30.1× | 27.7% | +21.1% |
| Bayerische Motoren Werke BMW.DE | Germany | $40.3B | -22% | -6% | 6% | 9.7× | n/a | n/a |
| Volkswagen VOW.DE | Germany | $39.1B | -24% | -3% | 7% | 5.5× | n/a | n/a |
| Daimler Truck DTG.DE | Germany | $34.7B | -1% | -14% | 5% | 10.6× | 9.8% | +4.8% |
| Bajaj Auto BAJAJ-AUTO.NS | India | $31.7B | +3% | +48% | 19% | 24.0× | 27.3% | +17.4% |
| General Motors GM | United States | $72.7B | +10% | 0% | 2% | 6.1× | 23.9% | +8.6% |
| Kia 000270.KS | South Korea | $28.3B | -34% | +8% | 7% | 5.4× | -12.9% | +14.0% |
| Suzuki Motor 7269.T | Japan | $27.3B | +26% | +14% | 9% | 9.1× | -0.8% | +14.6% |
| Ferrari RACE.MI | Italy | $92.2B | +30% | +6% | 30% | 37.7× | 22.8% | +15.6% |
| TVS Motor TVSMOTOR.NS | India | $22.6B | +21% | +34% | 12% | 42.5× | n/a | n/a |
| Eicher Motors EICHERMOT.NS | India | $22.3B | +5% | +28% | 21% | 33.0× | 36.0% | +21.8% |
| Geely Auto 0175.HK | Hong Kong | $20.1B | -34% | +27% | 4% | 6.5× | -9.3% | +29.3% |
| Rivian Automotive RIVN | United States | $19.9B | -4% | +11% | -53% | n/a | n/a | n/a |
| Traton 8TRA.DE | Germany | $18.9B | +2% | +1% | 6% | 6.1× | n/a | n/a |
| Hyundai Motor India HYUNDAI.NS | India | $18.3B | +16% | +8% | 7% | 33.0× | 26.6% | +11.8% |
Porsche has 5 bonds outstanding with $4.01B face value. Weighted yield 4.12%, a spread of 113 bp over government bonds.